Why Did Intel Stock Pop on Wednesday?
Intel (NASDAQ: INTC) stock soared 10.8% through 11:35 a.m. ET Wednesday after Bernstein SocGen Group analyst Stacy Rasgon raised his price target from $35 to... $36.
Does a 10% stock price pop seem an overreaction to you, coming in response to a less than 3% increase in price target? It does to me -- especially when you notice that Intel stock already costs more than $53 a share!
In fact, Rasgon only rated Intel stock "market perform" and declined to upgrade it. But here's the thing: Rasgon isn't the only Wall Street analyst talking about Intel today.
Source Fool.com
Intel Corp. Stock
€52.94
-0.430%
Based on 22 Buy predictions and 22 Sell predictions the sentiment towards Intel Corp. is rather balanced.
A target price of 25 € results in a potential of -52.78% which would mean heavy losses compared to the current price of 52.94 € for Intel Corp..
